1 / 6
36score
New
$244,900
MLS
Street view1245 Newton St
Avon IN 46123 · Condo · built 2022
3 bd2.5 ba1,846 sqft$133/sqft vs ZIP $167 −21%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $2,016/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
21% under ZIP $/sqftnew this week
The underwriting
The numbers (estimates, illustrative)
$244,900List price
$2,016Rent estimate / mo
1.11Lender DSCR (est.)
$2,939Taxes / yr · assumed 1.2%
$167ZIP median $ / sqft
36/100Deal Score
Monthly picture (illustrative)
| Rent est. | $2,016 |
| − Mortgage (P&I) | −$1,284 |
| − Taxes | −$245 |
| − Insurance | −$102 |
| − HOA | −$183 |
| = Cash flow before vacancy & repairs | $202 |
The numbers
- Price
- $244,900
- $ / sq ft
- $133 ZIP median $167
- Rent estimate
- $2,016/mo HUD fair-market rent
- Property taxes
- $2,939/yr assumed 1.2% of price
- PITIA (assumed)
- $1,814/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $183/mo
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 36/100 21% under ZIP $/sqft · new this week
The property
- Beds / baths
- 3 / 2.5
- Living area
- 1,846 sq ft
- Lot
- 2,178 sq ft
- Year built
- 2022
- Property type
- Condo
- HOA
- $183/mo
- Flood zone
- —
- Registered rental
- —
The listing
- Source
- Standard
- MLS #
- 22129550
- Listed
- Oct 2, 2026
- Days on market
- 3
- Listing agent
- Rosie Berzenye · T&H Realty Services, Inc.
3178148208 · 210285.lead@leads.leadrouter.com - Price history
- First asked $244,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.